curlyphries
Pa Mi Gente Español
Document library

Alamo FY 2019‑2020 City Budget Overview

original file: Fiscal Year 2019-2020
Alamo

Open the original document

AI-generated summary — always verify against the original document above.

What is this?

The City of Alamo’s FY 2019‑2020 budget keeps the property tax rate unchanged, raises a modest $59,043 (2%) in property‑tax revenue, and projects $10.42 million in General Fund revenue versus $10.78 million in expenditures, covering the shortfall with existing fund balances.

Key figures

Property tax revenue increase $59,043 (2 %)
Property tax rate $0.5817 per $100 valuation
General Fund revenue $10,417,262
General Fund expenditures $10,782,852
Budget shortfall covered by fund balance $365,590
Projected unassigned fund balance end FY2020 $3,606,820 (≈33 % of expenditures)
Generated by gpt-oss:120b